Mayville Engineering Co Inc
Mayville Engineering Company, Inc., together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. The company supplies engineered components to original equipment manufacturers. It serves heavy and medium duty commercial vehicles, construction and access equipment… Read more
Mayville Engineering Co Inc (MEC) - Total Assets
Latest total assets as of September 2025: $585.58 Million USD
Based on the latest financial reports, Mayville Engineering Co Inc (MEC) holds total assets worth $585.58 Million USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Mayville Engineering Co Inc - Total Assets Trend (2017–2024)
This chart illustrates how Mayville Engineering Co Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Mayville Engineering Co Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Mayville Engineering Co Inc's total assets of $585.58 Million consist of 25.4% current assets and 74.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $206.00K | 0.1% |
| Accounts Receivable | $49.78 Million | 11.2% |
| Inventory | $54.76 Million | 12.3% |
| Property, Plant & Equipment | $185.14 Million | 41.6% |
| Intangible Assets | $51.73 Million | 11.6% |
| Goodwill | $92.65 Million | 20.8% |
Asset Composition Trend (2017–2024)
This chart illustrates how Mayville Engineering Co Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Mayville Engineering Co Inc's current assets represent 25.4% of total assets in 2024, a decrease from 29.9% in 2017.
- Cash Position: Cash and equivalents constituted 0.1% of total assets in 2024, up from 0.0% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 31.0% of total assets, an increase from 26.0% in 2017.
- Asset Diversification: The largest asset category is property, plant & equipment at 41.6% of total assets.
Mayville Engineering Co Inc Competitors by Total Assets
Key competitors of Mayville Engineering Co Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Xinjiang Hejin Holding Co Ltd
SHE:000633
|
China | CN¥311.40 Million |
|
Chongqing Changjiang River Moulding Material (Group) Co. Ltd.
SHE:001296
|
China | CN¥2.22 Billion |
|
Winstech Precision Hldg Co
SHE:001319
|
China | CN¥1.77 Billion |
|
Guangdong Jingyi Metal Co Ltd
SHE:002295
|
China | CN¥2.52 Billion |
|
Shanghai Xinpeng Industry Co Ltd
SHE:002328
|
China | CN¥5.66 Billion |
|
Beijing Lier High Temperature Materials Co Ltd
SHE:002392
|
China | CN¥10.29 Billion |
|
Suzhou Victory Precision Manufacture Co Ltd
SHE:002426
|
China | CN¥6.59 Billion |
|
Dajin Heavy Industry Corp
SHE:002487
|
China | CN¥14.23 Billion |
Mayville Engineering Co Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Mayville Engineering Co Inc generates 1.31x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Mayville Engineering Co Inc generates $5.83 in net profit.
Mayville Engineering Co Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.82 | 1.77 | 1.69 |
| Quick Ratio | 1.04 | 0.91 | 0.91 |
| Cash Ratio | 0.02 | 0.00 | 0.00 |
| Working Capital | $64.26 Million | $ 54.88 Million | $ 36.51 Million |
Mayville Engineering Co Inc - Advanced Valuation Insights
This section examines the relationship between Mayville Engineering Co Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.80 |
| Latest Market Cap to Assets Ratio | 0.50 |
| Asset Growth Rate (YoY) | -10.3% |
| Total Assets | $445.57 Million |
| Market Capitalization | $223.40 Million USD |
Valuation Analysis
Below Book Valuation: The market values Mayville Engineering Co Inc's assets below their book value (0.50 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Mayville Engineering Co Inc's assets decreased by 10.3% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Mayville Engineering Co Inc (2017–2024)
The table below shows the annual total assets of Mayville Engineering Co Inc from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $445.57 Million | -10.29% |
| 2023-12-31 | $496.66 Million | +12.73% |
| 2022-12-31 | $440.58 Million | +16.10% |
| 2021-12-31 | $379.47 Million | +12.09% |
| 2020-12-31 | $338.53 Million | -6.89% |
| 2019-12-31 | $363.58 Million | -7.18% |
| 2018-12-31 | $391.73 Million | +82.78% |
| 2017-12-31 | $214.32 Million | -- |